Economic Indicators
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Providence metro named 25th most expensive in U.S.
The Providence region was the 25th most expensive metro area in the United States in 2012, according to the latest index from the Center for Regional Economic Competitiveness, WPRI.com reported. more
| 2/20/13
Work begins on most U.S. single-family homes in 4 years
Builders broke ground in January on the most U.S. single-family homes in more than four years and permits for future construction rose, an indication the industry’s momentum carried over into 2013. more
Revised 3Q job data show 4,900 more jobs in Rhode Island
Job growth in Rhode Island exceeded employment estimates for the third quarter of 2012 by 4,900 jobs, according to a press release from the state Department of Labor and Training. more
| 2/19/13
DOL gives R.I. Self-Employment Assistance $159K
The U.S. Department of Labor last week awarded $159,734 to the state of Rhode Island to further its Self-Employment Assistance program. more
Gas prices continue to rise in R.I., Mass.
Rhode Island’s gasoline prices continued to rise this week, jumping 5 cents to $3.80 per gallon in the fourth consecutive week of price increases, AAA Southern New England said Monday. more
| 2/18/13
Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
Consumer sentiment in U.S. increases to a 3-month high
Consumer confidence in the U.S. rose in February to a three-month high, which may help to preserve recent gains in household spending. more
Foreclosure starts fall in Providence metro in January
January Foreclosure starts in the Providence-Fall River-New Bedford area dropped 22 percent and completed foreclosures plunged 61 percent compared with the same period last year, RealtyTrac said Thursday. more
Jobless claims in U.S. decreased more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, indicating an improving outlook for the labor market. more
Retail sales in U.S. increase for 3rd consecutive month
Retail sales in the U.S. rose in January for a third consecutive month, showing household spending is holding up even as an increase in the payroll tax takes a bigger bite from paychecks. more
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